Last Days
Stanley J. Harte, owner of the Empire Mutual building, purchased the Dauphin Hotel and the Marie Antoinette Hotel for $3 million when his structure needed extra space. He resold the land to another insurance company and leased it back for forty years, with options of thirty and twenty-nine additional years. Concurrently Sonnenblick-Goldman obtained a $3.3 million leasehold mortgage from Harte for twenty-five years with a thirty year option. There was an additional option to add five stories when necessary. The expansion was ongoing in December 1964.
Read more about this topic: Dauphin Hotel
Famous quotes containing the word days:
“If you need a certain vitality you can only supply it yourself, or there comes a point, anyway, when no one’s actions but your own seem dramatically convincing and justifiable in the plot that the number of your days concocts.”
—John Ashbery (b. 1927)
“There are no days in life so memorable as those which vibrated to some stroke of the imagination.”
—Ralph Waldo Emerson (1803–1882)